Overview
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- TickerBHATF on OTC2
- IndustryWholesale-Chemicals & Allied Products2
- HeadquartersXiamen, China2
- Incorporated inCayman Islands4
- Business address7Th Floor, Building C, No. 1010,, Anling Road, Huli District, Xiamen, F4 000004
- Filer categoryNon-accelerated filer, Emerging growth company4
- Legal formCorporation2
- LEI549300PUYYMT986Z6J052
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressC/O Walkers Corporate Limited, KY1-9008 George Town, Cayman Islands2
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Ltd., or Blue Hat WFOE, which was established on July 26, 2018 under the laws of the PRC.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2024
Where the money goes
Where each dollar of revenue went, fiscal 2024
- Cost of revenue84¢$17.2M
- Research and development15¢$3.2M
- Interest1¢$184.0K
Out of $18.7M in revenue.3 The company lost money this year.
Financial statements
No quarterly figures reported.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $14.1M6 | $18.5M7 | $23.8M8 | $24.6M9 | $12.1M10 | $2.2M3 | $73.7M3 | $18.7M3 |
| Cost of revenue | $5.3M6 | $6.1M7 | $7.5M8 | $11.2M9 | $5.8M10 | $958.4K3 | $72.5M3 | $17.2M3 |
| Gross profit | $8.8M6 | $12.4M7 | $16.3M8 | $13.4M9 | $6.4M10 | $1.2M3 | $1.2M3 | $1.5M3 |
| Research and development | $355.7K6 | $286.8K7 | $1.0M8 | $246.9K9 | $11.2M10 | $2.7M3 | $2.6M3 | $3.2M3 |
| Operating expenses | $57.5M10 | $9.2M3 | $30.0M3 | $6.0M3 | ||||
| Operating income | $5.9M6 | $8.3M7 | $9.5M8 | $10.2M9 | -$51.2M10 | -$7.9M3 | -$28.9M3 | -$4.5M3 |
| Interest | $183.3K6 | $142.6K7 | $171.9K8 | $439.6K9 | $230.0K10 | $133.9K3 | $222.1K3 | $184.0K3 |
| Income before tax | -$51.5M10 | -$8.0M3 | -$29.1M3 | -$9.5M3 | ||||
| Income tax | $955.2K6 | $605.4K7 | $453.7K8 | $1.7M9 | $1.1K10 | $1.1M3 | $6.1K3 | |
| Net income | $5.1M6 | $7.9M7 | $9.1M7 | $8.2M9 | -$57.1M10 | -$9.4M3 | -$19.3M3 | -$9.5M3 |
| Earnings per share | $0.247 | $0.267 | $0.217 | $0.0010 | $0.0310 | $0.3010 | ||
| Earnings per share (diluted) | $0.247 | $0.267 | $0.217 | $0.0010 | $119.423 | $97.933 | $16.293 | |
| Shares (weighted, basic) | 5.1M shares10 | 76.4K shares3 | 297.2K shares3 | 584.8K shares3 | ||||
| Shares (weighted, diluted) | 5.8M shares10 | 85.7K shares3 | 309.8K shares3 | 597.2K shares3 |
No quarterly figures reported.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash | $2.4M7 | $11.8M8 | $15.5M9 | $15.8M10 | $50.4K3 | $70.4K3 | $409.2K3 | |
| Receivables | $16.7M9 | $9.2M10 | $15.2M3 | |||||
| Inventory | $108.6K9 | $17.5M3 | $64.6M3 | |||||
| Current assets | $25.7M6 | $42.7M7 | $50.7M8 | $21.7M9 | $21.5M10 | $39.3M3 | $70.1M3 | |
| Property, plant and equipment | $4.1M9 | $3.8M10 | $3.5M3 | $3.3M3 | ||||
| Intangible assets | $6.9M9 | $1.4M10 | ||||||
| Total assets | $35.5M6 | $58.8M7 | $75.7M8 | $36.5M9 | $34.3M10 | $49.3M3 | $75.2M3 | |
| Accounts payable | $959.2K9 | $325.0K10 | $318.7K3 | $34.2M3 | ||||
| Short-term debt | $860.9K9 | $473.8K10 | $273.7K3 | $146.3K3 | ||||
| Current liabilities | $7.1M6 | $13.7M7 | $16.2M8 | $18.3M9 | $17.4M10 | $5.7M3 | $40.6M3 | |
| Long-term debt | $92.0K6 | $13.3K7 | $505.8K8 | $517.6K9 | ||||
| Long-term liabilities | $579.6K9 | $2.3M10 | $3.0M3 | $2.4M3 | ||||
| Total liabilities | $7.2M6 | $14.1M7 | $16.7M8 | $18.9M9 | $19.7M10 | $8.6M3 | $43.1M3 | |
| Retained earnings | -$25.7M9 | -$35.1M10 | -$56.8M3 | -$66.4M3 | ||||
| Shareholders’ equity | $21.8M7 | $28.3M7 | $44.8M7 | $58.8M8 | $15.2M9 | $12.1M10 | $40.6M3 | $32.1M3 |
| Shares outstanding | 33.0M shares6 | 35.1M shares6 | 38.6M shares7 | 53.8M shares8 | 9.9M shares9 | 58.4M shares10 | 493.8M shares3 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | $7.0M6 | -$414.6K7 | $12.3M8 | $5.1M9 | -$22.3M9 | $281.8K3 | $7.7M3 | |
| Depreciation and amortization | $344.6K10 | $185.1K3 | $260.9K3 | $208.7K3 | ||||
| Stock-based compensation | $4.0M3 | $3.7M3 | $966.2K3 | |||||
| Capital spending | $53.7K6 | $44.9K7 | $2.2M8 | $2.2M9 | $141.0K10 | $3.4K3 | ||
| Free cash flow | $6.9M | -$459.5K | $10.1M | $2.8M | -$22.4M | $278.4K | ||
| Cash from investing | -$4.5M9 | $6.3K3 | -$15.4K3 | |||||
| Cash from financing | $7.6M9 | $2.5M3 | $2.3M3 | $484.9K3 |
Compare Blue Hat Interactive Entertainment Technology with another company
Corporate structure
Blue Hat Interactive Entertainment Technology sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Blue Hat Interactive Entertainment Technology
- Alta Partners LLC Filed SCHEDULE 13G on Blue Hat Interactive Entertainment Technology, latest Mar 24, 2026
- L1 Capital Global Opportunities Master Fund, Ltd. Filed SCHEDULE 13G/A on Blue Hat Interactive Entertainment Technology, latest May 15, 2025 (6 filings since Jan 13, 2025)
- S.H.N. Financial Investments Ltd. Filed SCHEDULE 13G/A on Blue Hat Interactive Entertainment Technology, latest May 15, 2025 (2 filings since Jan 13, 2025)
- Ionic Ventures, LLC Filed SCHEDULE 13G/A on Blue Hat Interactive Entertainment Technology, latest May 14, 2025 (2 filings since Jan 10, 2025)
- Orca Capital AG Filed SCHEDULE 13G/A on Blue Hat Interactive Entertainment Technology, latest Jan 21, 2025 (2 filings since Jan 16, 2025)
- Streeterville Capital LLC Filed SC 13G on Blue Hat Interactive Entertainment Technology, latest Oct 28, 2022
- Blue Hat Interactive Entertainment Technology Xiamen, China
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Blue Hat Interactive Entertainment Technology reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $4.7M3 Dec 31, 2024 | $4.7M3 Dec 31, 2023 | −0.1% |
| Accumulated depreciation | $1.3M3 Dec 31, 2024 | $1.1M3 Dec 31, 2023 | +18.8% |
| Property and equipment, net | $3.3M3 Dec 31, 2024 | $3.5M3 Dec 31, 2023 | −5.9% |
| Operating-lease assets (leased space) | $1.8M3 Dec 31, 2024 | $2.4M3 Dec 31, 2023 | −22.2% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $409.2K3 Dec 31, 2023 | $70.4K3 Dec 31, 2022 | +481.2% |
| Long-term investments | $1.7M3 Dec 31, 2023 | $1.7M10 Dec 31, 2022 | −1.7% |
Intangibles and goodwill
Inventory
Leadership
Named in SEC Form D filings
People the company listed in its private-offering notices.
- Chief Financial Officer and DirectorCaifan He named Oct 31, 202211
- Chief Technology Officer and DirectorJianyong Cai named Oct 31, 202211
- Chief Executive Officer and DirectorXiaodong Chen named Oct 31, 202211
- DirectorCan Su named Oct 31, 202211
- DirectorHuibin Shen named Oct 31, 202211
- DirectorJun Ouyang named Oct 31, 202211
- DirectorQinyi Fu named Oct 31, 202211
Filings
96 filings to the SEC since October 2021: 5 annual reports, 14 large holders, 1 private raises, 76 other. The latest 20:
- Jul 14, 202625-NSE EDGAR
- Mar 24, 2026SCHEDULE 13G EDGAR
- Mar 13, 20266-K EDGAR
- Mar 6, 20266-K EDGAR
- Mar 5, 20266-K EDGAR
- Mar 3, 20266-K EDGAR
- Feb 23, 2026424B4 EDGAR
- Feb 17, 2026EFFECT EDGAR
- Feb 13, 2026CORRESP EDGAR
- Feb 13, 2026CORRESP EDGAR
- Feb 13, 2026CORRESP EDGAR
- Feb 13, 2026CORRESP EDGAR
- Feb 12, 2026CORRESP EDGAR
- Feb 12, 2026CORRESP EDGAR
- Feb 9, 2026F-1 EDGAR
- Jan 27, 2026UPLOAD EDGAR
- Jan 22, 2026DRS EDGAR
- Dec 23, 20256-K EDGAR
- Dec 2, 20256-K EDGAR
- Oct 30, 20256-K/A EDGAR
The 96 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Alta Partners LLCSCHEDULE 13G, 1 filing Mar 24, 202612
- L1 Capital Global Opportunities Master Fund, Ltd.SCHEDULE 13G/A, 6 filings Jan 13, 2025 to May 15, 202513
- S.H.N. Financial Investments Ltd.SCHEDULE 13G/A, 2 filings Jan 13, 2025 to May 15, 202514
- Ionic Ventures, LLCSCHEDULE 13G/A, 2 filings Jan 10, 2025 to May 14, 202515
- Orca Capital AGSCHEDULE 13G/A, 2 filings Jan 16, 2025 to Jan 21, 202516
- Streeterville Capital LLCSC 13G, 1 filing Oct 28, 202217
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
- Private raises (Form D) $1.6M
Figures by year
| Year | Private raises (Form D) | Total |
|---|---|---|
| 2022 | $1.6M | $1.6M |
Private raises
Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.
SEC filer profile
How Blue Hat Interactive Entertainment Technology is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARBlue Hat Interactive Entertainment Technology1
- CIK0001759136
- Filer statusNon-accelerated filer an emerging growth company; not a shell company5
- Incorporated inCayman Islands5
- Fiscal year endsDecember 311
- Industry code (SIC)5160 Wholesale-Chemicals & Allied Products1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business address7Th Floor, Building C, No. 1010,, Anling Road, Huli District, Xiamen, F4 000001
- Phone8659222800811
- Shares outstanding493,820,989 shares as of Dec 31, 20245
- AuditorOneStop Assurance PAC, Singapore PCAOB ID 6732; no auditor attestation of internal control over financial reporting5
- On EDGAR sinceNov 19, 20181
- Filings187 in all: 6-K (86), CORRESP (15), UPLOAD (11), 424B5 (7), EFFECT (7), SCHEDULE 13G (7), 20-F (6), F-1/A (6)1
All 28 form types
SCHEDULE 13G/A (6), F-1 (5), D (4), SC 13G (4), NT 20-F (3), 424B3 (2), 424B4 (2), DRS (2), F-3 (2), F-3/A (2), 20-F/A (1), 25-NSE (1), 6-K/A (1), 8-A12B (1), CERT (1), DRS/A (1), F-1MEF (1), FWP (1), S-8 (1), SC 13G/A (1)
- Latest filingsAnnual report (20-F) Apr 30, 2025
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Ordinary Shares, par value $1 per share | BHAT | Nasdaq |
From the cover page of the 20-F filed Apr 30, 2025 (Section 12(b) of the Exchange Act).5
Sources
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